In an oligopolistic market there is likely to be:
A. neither allocative nor productive efficiency.
B. homogeneous but not differentiated products.
C. little consideration of the actions of rival firms.
D. price-taking behavior on the part of firms.
Answer: A
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Increases in investment exceed increases in output because of the multiplier effect
Indicate whether the statement is true or false
A vertical IS curve comes from the assumption that changes in the interest rate do NOT affect
A) money demand. B) the money supply. C) autonomous planned spending. D) the LM curve.
If the stock market behaves according to the efficient market hypothesis, then
a. investment in stocks cannot be profitable. b. future changes in stock movements are completely predictable. c. current stock prices reflect all currently available information. d. both b and c. e. all of the above.
Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080What is Natalia's opportunity cost of knitting a scarf?
A. 1/3 of a sweater B. 2 sweaters C. 1/2 of a sweater D. 3 sweaters